- Views: 7
- Report Article
- Articles
- Automotive
- Other
Automotive Robotics Market by ABB, FANUC Corporation, Yaskawa Electric Corporation, KUKA AG
Posted: May 10, 2019
According to the market research report Automotive Robotics Market by Type (Articulated, Cartesian, SCARA, Cylindrical), Component (Controller, Robotic Arm, End Effector, Sensors, Drive), Application (Welding, Painting, Cutting, Material Handling), and Region - Global Forecast to 2021. The intelligent manufacturing industry of the future, has a special focus on process automation and industrial robotics. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.
The global automotive robotics market, in terms of value, is projected to grow at a CAGR of 10.69% and is estimated to grow from USD 5.13 billion in 2016 to reach USD 8.53 billion by 2021.
Download our free PDF Brochure and gain crucial industry insights that will help your business grow:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=262848440
Articulated Robots to hold the largest share in the automotive robotics market, by type
The articulated robot segment is estimated to account for the largest share in the automotive robotics market. The articulated robot is more widely present in the market as compared to Cartesian, cylindrical, SCARA (Selective Compliance Assembly Robot Arm/ Selective Compliance Articulated Robot Arm) robots due to its higher degree of freedom that provides a manufacturer a larger work envelope and can be used for multiple applications.
Request for free Customization:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=262848440
Robotics Controller: A promising market due to growing global demand for automotive robotics
Development in advanced technologies and consistent growth in demand for automated solutions is a contributing factor for growth in the robotics controller market. In terms of region, Asia-Pacific market is projected to have the largest market share in automotive robotics controller market by 2021. The region is projected to be primarily driven by increasing demand for sophisticated motion control technology. Furthermore, in developed countries such as the US and Europe, the focus on further enhancing cost competitiveness amongst all major automotive OEM’s is expected to result in growing demand for advanced controllers in the automotive industry.
Browse and in-depth TOC on Automotive Robotics Market
86 - Tables
49 - Figures
138 – Pages
Asia–Pacific: Largest market for automotive robotics
Asia–Pacific is estimated to account for the largest share, in terms of value, of the automotive robotics market in 2016. Improved employment outlook and overall macroeconomic indicators across Asia- Pacific region bode well for the vehicle sales outlook in years to come. One of the key drivers for the growth of automotive robotics is the continuous demand by automotive OEM’s especially in Asia-Pacific region to automate their production facilities which can reduce time-to-market with greater control over production activity.
Request for sample:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=262848440
Automotive Robotics Market Key Players
The report analyzes all major players in the automotive robotics market, including ABB (Switzerland), FANUC Corporation (Japan), Yaskawa Electric Corporation (Japan), KUKA AG (Germany), and Kawasaki Heavy Industries (Japan).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
Contact: Mr. Shelly Singh MarketsandMarkets™ Inc. 630 Dundee Road Suite 430 Northbrook, IL 60062 Usa : 1-888-600-6441 sales@marketsandmarkets.com